N.Y. Education Law § 694-b: Reporting

§ 694-b. Reporting. The corporation, after consultation with the state

of New York mortgage agency, and any other public benefit corporation

that shall have issued bonds under the public authorities law for

purposes of this program, with respect to loans that have been financed

by or that are expected to be financed by such entity, shall report

annually with respect to education loans made under this program for the

prior academic year to the governor, the temporary president of the

senate, the speaker of the assembly, the director of the division of the

budget, the senate finance committee, the assembly ways and means

committee and the standing committees of the legislature having

jurisdiction of higher education on the number and characteristics of

students who received fixed rate and/or variable rate loans under this

program, including, but not limited to, the interest rate charged, the

default and collection fees established, the grace period established if

other than six months, the number of students who received loans that

demonstrated financial need pursuant to section six hundred ninety-two

of this part, the income established by the corporation pursuant to

section six hundred ninety-two of this part, the number of students who

received fixed rate loans, the number of students who received variable

rate loans, the number of default claims received by the corporation,

the number of borrowers subject to administrative wage garnishment, and

a list of the lenders and holders, if known, who have provided variable

rate loans. Such annual report shall be submitted by the first day of

December following the close of the academic year for which such

education loans were made.